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CSC Phoenix acquires handymax bulker
Chinese domestic bulk shipping operator CSC Phoenix has signed an agreement with Jiangsu Yongxu Shipping for the acquisition of 2000-built 45,700dwt handymax bulker Jun Ling. The company announced it had planned to acquire a bulker last week in order to solve its capacity shortage issues. The price for the Japanese-built vessel is RMB57.53m ($8.37m), while MSI values the vessel at $5.7m. It will be delivered to CSC Phoenix in August.
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